Astron Completes Bankable Feasibility Study for First Phase of Victoria Project
MT Newswires Live
Mar 31
Astron (ASX:ATR) completed a bankable feasibility study for the first phase of the Donald project in Victoria, as it advances the project towards the final investment decision targeted for the second quarter, according to a Tuesday filing with the Australian bourse.
The project's first phase is expected to deliver an average annual earnings before interest, taxes, depreciation, and amortization of AU$119 million from an average revenue of AU$262 million over an estimated mine life of 40 years, the filing said.
Phase one has an estimated capital expenditure of AU$450 million, which includes a contingency of AU$39 million, per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.